ULAANBAATAR, MONGOLIA – From the Office of the President of Mongolia: The following is a statement released by Mongolian President Tsakhia Elbegdorj to international journalists and organizations observing Mongolia’s seventh parliamentary election upon the conclusion of voting:

Ulaanbaatar, Mongolia /MONTSAME/ Some 44 observers from USA, Great Britain, Canada, Republic of Korea, Kyrgyzstan, Russia and Taiwan, as well as from international organizations are working here to watch how the election process is going.

Ulaanbaatar, Mongolia /MONTSAME/ By 8.00 pm, one million 198 thousand and 086, or 65.24 per cent, out of one million 833 thousand 478 citizens have voted in the elections--66.8 per cent in localities and in the city--63.24 per cent.

Ulaanbaatar, Mongolia /MONTSAME/ At 9.30 am on Friday, a head of the Democratic Party's (DP) faction reported that DP has captured 23 seats out of 48 mandates in 26 constituencies through the majority system rule; and the Mongolian People's Party (MPP)--19 seats; the "Justice" joint coalition (Mongolian People's Revolutionary Party and National Democratic Party)--three seats; and independent candidates--three seats.

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolia's People's Party (MPP) still has possibility to take 25-26 seats of parliament, said O.Enkhtuvshin, the MPP's Secretary-General at a press conference called at 1.00 am on Friday.

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolians have organized the elections very well, said on Friday A.P.Torshin, the Deputy chairman of the Federal Council of the Russian Federation (RF) and state advisor to the RF.

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj received on Friday a delegation headed by A.P.Torshin, the Deputy chairman of the Federation Council of the Russian Federation (RF) and state advisor to the RF.

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Commission (GEC) revealed an official preliminary result of the parliamentary election run by the majority system, at a press conference at 3.30 pm on Friday.

Mongolia boasts huge deposits of coal, cooper, gold, uranium and many other rare minerals, and is opening up its vast resources to the world; this has however led to many diplomatic problems for the Asian nation.

As Mongolia goes to the polls for parliamentary elections the country – remote, still largely unknown, the most sparsely populated on Earth – is enjoying a rapid and well documented boom as it begins to exploit its vast mineral wealth.

SAN ANTONIO, Jun 29, 2012 (BUSINESS WIRE) -- Management of Nova Mining Corp. NVMN +10.00%disclosed today that they are further reassured that their recent move to secure valuable Lithium product from three large licensed Lithium fields is economically sound and perfectly timed, due to recent important events.

One-third of the country's three million people live below the poverty line, and many say they haven't seen any benefit from the rapid economic growth.

At stake in the election was the issue of spreading the wealth of the country's mining boom. The money is rolling in but the people remain poor.

Mongolia is wedged between China and Russia, and has massive deposits of coal, copper, gold and uranium.

The government estimates its mineral reserves to be worth $1.2 trillion.

The country's economy grew by 17.3 per cent last year, one of the fastest-growing in the world. Its foreign direct investment stands at around $5bn.

And overshadowing everything is the blight of corruption, which poses the biggest danger to Mongolia's future.

In admitting this Elbegdorj Thakia, the Mongolian president, told Al Jazeera: "Corruption is a big problem, because of corruption, because of bad governance I think most of the emerging societies are failing and failed. We [don't] want to repeat that."

Inside Story asks: How is the Mongolian government going to handle its booming economy? And what is it going to do about its rampant corruption?

Joining presenter Shiulie Ghosh for the discussion are guests: Jargalsaikhan Dambadarjaa, a Mongolian columnist, TV host, economist and management consultant; Andrew Leung, an economist and political commentator, and the former Hong Kong government representative to the UK; and David Sneath, the director of studies in Archaeology and Anthropology at the University of Cambridge, and former director of the university's Mongolia and Inner Asia study unit.

"The idea of corruption or underhand dealings of elites feathering their own nests, this has made social justice a really central issue in this election campaign…the Mongolian public are waiting to be convinced."

David Sneath, a professor at the University of Cambridge

MONGOLIA CORRUPTION:

The elections on June 28 will be the seventh since Mongolia ended 70 years of communist rule in 1990.

Voters will choose between the ruling Mongolia People's Party and the opposition Democratic Party. Voter turnout is expected to be more than 80 per cent.

But its democracy is threatened by high levels of corruption. Mongolia ranked 120 out of 183 countries on the Transparency International's 2011 corruption perceptions index.

Nambaryn Enkhbayar, the former Mongolian president, was arrested in April over suspected corruption but was later released following international pressure. He left the ruling MPP to form his own party, and was barred from running in this election.

ULAN BATOR — Technical problems hit the vote count in Mongolia's parliamentary elections Friday, delaying the result of a poll that will determine who controls the resource-rich country's divisive mining boom.

The long-awaited 2012 Parliamentary Election was carried out peacefully yesterday and Mongolian citizens eligible to vote cast their ballots from 7 am to 8 pm for the political parties and candidates through 1,908 election sub-committees.

ULAN BATOR, Mongolia — Calls by Mongolia's ruling party for a recount of votes at some polling stations Friday delayed results in sharply contested legislative elections that centered on how to spread the wealth from the poor but fast-growing country's mining boom.

China's first female astronaut and two other crew members emerged smiling from a capsule that returned safely to Earth on Friday from a 13-day mission to an orbiting module that is a prototype for a future space station.

A change in control of Mongolia's Parliament appears likely after the Democratic Party this week picked up the most votes in legislative elections, during which politicians campaigned on populist promises to share mining wealth.

The opposition Democratic Party, which had promised to more evenly distribute the country's new mining riches, said it believed it would be able to form a ruling coalition in the 76-seat parliament with minor parties.

ULAN BATOR, Mongolia—Mongolians traveled by foot, car and horse to vote for a new legislature Thursday in an election that centered on better spreading the benefits of Mongolia's mining boom across the vast and still largely poor country.

As Mongolia goes to the polls for parliamentary elections the country – remote, still largely unknown, the most sparsely populated on Earth – is enjoying a rapid and well documented boom as it begins to exploit its vast mineral wealth.

Mongolia Mining Corp. (975) is betting there’s enough demand from China to support the construction of an $800 million railway that will double export capacity to the nation that counts Mongolia as its biggest coal supplier.

As birds of prey soared overhead and livestock grazed on the summer’s grassland bounty, Baterdene jumped off his horse and strode into the wooden primary school in Erdene village in Mongolia’s Tov province.

June 27 (APIP) Asia Pacific Investment Partners ("APIP"), a Mongolia focused operating group primarily engaged in property development and cement production, has today announced the appointment of its new Chief Operations Officer of Infrastructure and Construction, Joshua Haines.

June 27 (Mogi) On June 26, Aspire Mining Limited (ASX:AKM) Non-Executive Chairman Mr. David McSweeney bought 500,000 shareson market for A$65,121.30 which translates to an average price of slightly over 13c.

Ulaanbaatar, Mongolia /MONTSAME/ The state head Ts.Elbegdorj cast a vote in parliamentary election at the 4th sub-committee in the 23rd constituency, and in the election of the Citizens' Representative Khural of City--at the 4th sub-committee in the 13th constituency.

ULAN BATOR - Resource-rich Mongolia headed to the polls Thursday to elect a new parliament with both major parties telling frustrated voters they could deliver better shares of a stunning but divisive mining boom.

ULAN BATOR, Mongolia — Mongolians are voting for a new legislature, going to the polls by foot, car and even horse for an election centered on how best to distribute the benefits of Mongolia’s mining boom.

BEIJING (Reuters) - A Chinese dairy company has recalled hundreds of cartons of milk after a mechanical error tainted the batch with alkaline water, the latest blow to China's scandal-plagued dairy industry.

TAVAN TOLGOI, Mongolia -- "All you need to mine here is a shovel," said an awe-struck Indian investment manager as he stood behind a barrier, along with dozens of international mining industry executives and other eager investors, gazing at the immense coal pit gouged out of the rust-colored earth below.

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Mongolia to the Commonwealth of Australia R.Bold presented on Wednesday his letter of credence to Quentin Bryce, the Governor-General of Australia.

In the latest sign of uncertain prospects for initial public offerings in Asia, Inner Mongolia Yitai Coal Co. (900948.SH) said Wednesday it has secured backing from two Chinese government-linked companies as cornerstone investors for its IPO in Hong Kong, while, separately, people familiar with the situation said that People's Insurance Co. (Group) of China Ltd. will postpone its US$4 billion Hong Kong IPO that was planned for July.

Mongolians went to the polls today to elect leaders who must address soaring inflation and rising demands for a fairer distribution of more than $1.3 trillion in mineral wealth in the world’s fastest growing economy.

Wednesday, June 27, 2012

Ulaanbaatar, Mongolia /MONTSAME/ Authorities of the General Police Department (GPD) received on Tuesday athletes who will compete in the London 2012 Olympic Games, and granted a cash prize of MNT 10 million to each athlete.

Athletes at the GPD have gained ten Olympic rights. A State Honored Sportsman B.Ser-Od will participate in the men's marathon, and an international master of sports L.Otgonbayar--in women's marathon. Furthermore, a State Honored Sportswoman M.Bundmaa (women's 52 kg) will compete in judo; O.Nasanburmaa, B.Naranbaatar, O.Burmaa--in freestyle wrestling; and B.Tuvshinbat--in boxing.

Ulaanbaatar, Mongolia /MONTSAME/ The election advertising will be stopped before 12.00 pm on Wednesday or 24 hours before the voting day of the elections of parliament and the Citizens' Representative Khural of City to run on Thursday.

Ulaanbaatar, Mongolia /MONTSAME/ On occasion of the 806th anniversary of the Great Mongolian Empire and the 91st anniversary of the People's Revolution, the Ambassador Extraordinary and Plenipotentiary of Mongolia to the Federal Republic of Germany (FRG) B.Davaadorj organized on Monday a reception in Berlin.

Ulaanbaatar, Mongolia /MONTSAME/ The State Head Ts.Elbegdorj has said he was satisfied with a decision of a judge of the Manhattan Court to seize a fossil skeleton of Tyrannosaurus bataar and to send it to the Mongolian side.

Ulaanbaatar, Mongolia /MONTSAME/ In a scope of the 806th anniversary of the Great Mongolian Empire and the 91st anniversary of the People's Revolution, the "Mongolians in Deel" festival will take place on days of the National Great Celebration.

Mongolian Mining Corp (HKG:0975), the country’s biggest coking coal exporter, hit a record low today as investors looked at the likelihood of more restrictive investment policies which would be implemented after Mongolia’s parliamentary elections this week.

Mongolians head to the polls on Thursday to elect a parliament that will have to make important choices about how to share the proceeds of the mining boom that has gripped the mineral-rich country of 2.8m people.

ULAN BATOR: Mongolians will vote on Thursday to elect a new parliament tasked with distributing the spoils of a mining boom that has brought rapid growth but also rising inequality to the resource-rich nation.

Each week our Editor Allyson Seaborn will be speaking personally to interesting expats who aren’t afraid to share what makes them tick, what they’re reading, who inspires them or how they feel about living in UB.

With a little help from her friends---that’s 12.0 million sheep, 9.6 million goats, 0.3 million camels, and many, many yaks to you---Mongolia’s annual textile production amounts to some 21,000 tons of wool, 4,500 tons of cashmere, 1,200 tons of camel hair and 300 tons of yak hair.

TAVAN TOLGOI, Mongolia — “All you need to mine here is a shovel,” said an awe-struck Indian investment manager as he stood behind a barrier, along with dozens of international mining industry executives and other eager investors, gazing at the immense coal pit gouged out of the rust-colored earth below.

Ulaanbaatar, Mongolia /MONTSAME/ A farewell ceremony took place on Tuesday for young athletes to take part in the 5th International Sports Games "Children of Asia" to be held on July 4-16 in Yakutia, Russia.

TO prevent history from repeating itself, the Samahang Basketbol ng Pilipinas is conducting a series of talks with the country’s top two collegiate leagues to iron out possible conflict that may arise with their schedules and the participation of a national youth team in a tournament in Ulan Bator, Mongolia later this year.

Inner Mongolia Yitai Coal Co. (900948), the biggest coal producer in the Chinese region bordering Mongolia, is seeking as much as $1.1 billion in a reduced Hong Kong stock offering, according to terms obtained by Bloomberg News.

June 21 (GSA Bulletin) Matthew J. Heumann and colleagues present the first published collection of detrital zircon geochronology results from southeastern Mongolia as well as a detailed field investigation for two areas within the region, Bulgan Uul and Nomgon.

June 22 (InfoMongolia.com) On June 22, 2012, the Internet Corporation for Assigned Names and Numbers (ICANN) has officially announced that preparations for the .мон and .мн Mongolian Cyrillic domains have successfully been completed especially for Mongolia use.

June 23 (Julian Dierkes, University of BC) Following some Mongolian Olympic fun yesterday, we had a number of discussions with others trying to follow the election here in Ulaanbaatar about the relationship between individual candidates and political parties.

June 25 (InfoMongolia.com) The corruption case hearing of the former President and Head of the Mongolian People's Revolutionary Party (MPRP), N.Enkhbayar has been postponed three times before, due to weak health conditions (May 24), refusal from his lawyer (June 04), and absence of N.Enkhbayar's lawyer B.Oyunbileg (June 12) and delayed one time under the request to change his lawyer (June 19), where the fourth trial was delayed under his request to conduct the trial after 2012 Parliamentary Elections.

June 25 (Brandon Miliate, University of BC) Julian and I have just returned from the Democratic Party Rally in Yarmag, Han-Uul District where the party's two Parliamentary candidates L. Bold and Ts. Oyungerel as well as E. Bat-Uul, running for UB Parliament, made speeches in support of the party and their campaigns.

June 25 -- Directors of GoConnect Ltd ("GCN") are pleased to advise that First Mongolian Media Ltd ("FM Media"), incorporated in the BVI, has entered into a Memorandum of Understanding ("MOU") with MobiNet LLC ("MobiNet"), the largest broadband telecommunications company in Mongolia with in excess of 50 % market share of Mongolia's mobile phone subscribers.

June 25 -- Directors of GoConnect Ltd ("GCN") are pleased to confirm that under GCN's partnership agreement with First Mongolian Investment Holdings Ltd ("First Mongolian"), 100 million First Mongolian fully paid ordinary shares will be distributed to qualifying GCN shareholders in proportion to their GCN shareholding for nil consideration ("Entitlement Shares").

TORONTO, ONTARIO--(Marketwire - June 22, 2012) - Desert Eagle Resources Ltd. ("Desert Eagle" or the "Company") (TSX VENTURE:DER) announces a complaint for damages and injunctive relief with respect to an action for defamation has been filed against the Company in the State of California in the United States District Court, Central District of California.

Ulaanbaatar, Mongolia /MONTSAME/ Tickets for foreign tourists want to enjoy an opening ceremony for the National festival ‘Naadam’ or 91st anniversary of People’s revolution and 806th anniversary of establishment of Great Mongolian State cost USD25.

Ulaanbaatar, Mongolia /MONTSAME/ On the occasion of the 40th anniversary of establishment of the diplomatic relations between Mongolia and Japan, the feature film “Note of Mongolian young baseball player” has been created by Japanese company “Earl grey Film”.

Ulaanbaatar, Mongolia /MONTSAME/ The Japan International Cooperation Agency (JICA) has involved the Ministry of Education, Culture and Science, the Ministry of Road, Transportation, Construction and Urban Development, Darkhan-Uul and Dornogobi aimags in experimental activities of the "Strengthening domestic audit, control and monitoring" project.

Ulaanbaatar, Mongolia /MONTSAME/ Since an establishment of the investment contract on exploiting the Oyutolgoi mineral deposit and the shareholders' contract of the Oyutolgoi LLC, money of about USD 4 billion has been expended for the great construction works.

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the Cabinet meeting approved a general plan for new town to be created near the international airport being built in Khushigt Valley of Tuv aimag about 60km far from capital city of Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Education, Culture and Science, Yo.Otgonbayar approved a upper limit of numbers of students to be enrolled from local areas for bachelor level studies at some state universities in 2012-2013 academic year.

Thermal coal is not having a good month. With eurozone concerns and slowing growth in China already dragging on commodities prices globally, coal inventories in China – the world’s biggest consumer – are near record highs.

ULAN BATOR, June 26 (Xinhua) -- The Mongolian government decided to grant each citizen a preference share of the state-owned company Erdenes MGL Company at a regular government meeting Monday, local media reported.

On Saturday, the Day of Mongolian Athletes and the Day of the International Olympic Committee (IOC) were celebrated together with a farewell ceremony of Mongolian athletes to participate in the London 2012 Olympic Games.

Danish wind turbine manufacturer Vestas Wind Systems said on Monday it will close a factory in Hohhot, Inner Mongolia autonomous region, and cut 300-350 jobs in the process, due to forecast low demand for kilowatt in the future.